As you prepare for retirement, you will be asked to sort through a large variety of investment options. Asics Gel Kayano Evo Homme And as you weigh options against one another, one thing you will discover is that different investment vehicles can be subject to different fee structures for accessing them. Nike Air Huarache Men
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another. And of course, most people consider the potential for market losses. But you can also find yourself losing money on excess fees that are attached to your financial decisions, so it’s important to learn about fee structures before settling on any particular income-producing product. If you’re interested in annuities, it is likely because you want to set up an income stream to last the rest of your life. LeGarrette Blount Jersey You’re hoping to ensure a positive flow of income, so naturally you want to be wary of fees. San Antonio Spurs Here’s the lowdown on annuity fees. adidas stan smith uomo For variable annuities, we have seen fees go as high as 5 or 6 percent. Ouch! This is something to keep in mind if you find yourself attracted to the growth potential of a variable annuity. More commonly you will see Mortality and Expense (M&E) fees around 1.5 – 2% and fees for additional riders for around .5 – 1%. These fees can definitely add up (more comments on this below) so you need to know what you’re buying and what it costs. For other types of annuity contracts – which include immediate, fixed, and fixed rate annuities – there may be products without any base fees whatsoever. However, they may have surrender periods with high penalties for early withdrawal, so these products are not liquid. Rutgers Scarlet Knights Jerseys You can purchase additional riders on your annuity contract, that may help you to maximize your use of the product. Womens Air Jordan 7 Riders such as inflation protection, lifetime income, spousal continuation, death benefits, and so on do carry a fee. Typically, those fees are very low, and are usually under one percent for each rider, but they can add up if you select multiple riders. That’s why it’s important to select rider that you will actually use – rather than paying for something that is of no value to you. You’re smart to worry about annuity fees! Luckily, we’ve done a lot of the homework for you. Matthew Stafford Jerseys If you would like to discuss annuity contracts, or learn more about the fees associated with these financial products, call us at 877-778-4611 to schedule a consultation.